News items Ministry of FinanceGovernment.nl - News items van Ministry of Financehttps://www.government.nl/News items van Ministry of Finance op Government.nlnl-NLIedere vorm van hergebruik van de inhoud van deze feed is toegestaanFri, 22 Feb 2019 13:16:35 GMT5News itemsNetherlands publishes own list of low-tax jurisdictions in fight against tax avoidancehttps://www.government.nl/latest/news/2018/12/28/netherlands-publishes-own-list-of-low-tax-jurisdictions-in-fight-against-tax-avoidanceThe Netherlands has drawn up new list of 21 low-tax jurisdictions to help implement new measures to combat tax avoidance. The list was published today in the Government Gazette.Fri, 28 Dec 2018 06:00:00 GMT168583a9-786e-44b3-b21e-63cc25f13383Penalty orders issued by public prosecutors now integral part of criminal justice systemhttps://www.government.nl/latest/news/2018/12/20/penalty-orders-issued-by-public-prosecutors-now-integral-part-of-criminal-justice-systemFor common offences such as drink-driving, shoplifting, vandalism and breach of the peace, penalty orders issued by public prosecutors are a satisfactory means of imposing a penalty. Since 2008, the Public Prosecution Service (Openbaar Ministerie, OM) has been able to settle cases out of court by issuing penalty orders. The present implementation stage is yet to be completed and the OM is still fine-tuning the procedure. However, the evaluation of the Public Prosecution Service (Settlement) Act (Wet OM-afdoening) shows that penalty orders issued by public prosecutors are now an integral part of law enforcement. A penalty order issued by a public prosecutor, involving an out-of-court procedure, represents an improved legal framework for suspects compared with a fixed penalty.Thu, 20 Dec 2018 14:30:00 GMT0188ea46-96ce-4ad4-9d93-4bb47622503fStricter requirements for issuing rulingshttps://www.government.nl/latest/news/2018/11/22/stricter-requirements-for-issuing-rulingsStricter requirements are being introduced for the issue of international tax rulings. The Tax and Customs Administration will also be publishing an anonymised summary for each ruling. This is the substance of the letter sent by the State Secretary for Finance to the House of Representatives on Thursday. Thu, 22 Nov 2018 13:38:00 GMT6945ae50-9857-4cac-b72e-3f69e4b3138cMinister Hoekstra to meet with Ministers Centeno, Le Maire and Scholzhttps://www.government.nl/latest/news/2018/11/16/minister-hoekstra-to-meet-with-ministers-centeno-le-maire-and-scholzOn 21 November Eurogroup President Mário Centeno will travel to The Hague to meet with Minister of Finance Wopke Hoekstra. The next day, Mr Hoekstra will travel to Berlin and Paris to meet with his German and French counterparts, Olaf Scholz and Bruno Le Maire. The topic of discussion will be strengthening the eurozone, for example through a further development of the European Stability Mechanism (ESM). The ministers will also discuss other current European issues.Fri, 16 Nov 2018 14:25:00 GMT6e9bb2f0-93c9-4567-90e1-c604d4c0b67bCabinet tackles 22 billion euro in tax avoidance using withholding taxhttps://www.government.nl/latest/news/2018/11/06/cabinet-tackles-22-billion-euro-in-tax-avoidance-using-withholding-taxAs of 2021, the Cabinet will apply withholding tax on interest and royalties in a highly targeted approach to tackle money flows amounting to €22 billion to low-tax jurisdictions. This was revealed in a study by SEO Economic Research commissioned by the Ministry of Finance.Tue, 06 Nov 2018 10:46:00 GMTf7c544fc-095e-45bc-9d9c-eac1bb06231f2019 Budget Memorandum: Investing in and preparing for the Netherlands' futurehttps://www.government.nl/latest/news/2018/09/18/2019-budget-memorandum-investing-in-and-preparing-for-the-netherlands-futureIn 2019 the Dutch economy will grow by 2.6% and the budget surplus will increase to 1% of gross domestic product (GDP). Next year the government debt will fall by €6 billion, to 49.6% of GDP. Unemployment will drop to 3.5% in 2019 – the lowest level since 2001. These forecasts are set out in the 2019 Budget Memorandum, which Minister of Finance Wopke Hoekstra presented to the House of Representatives today.Tue, 18 Sep 2018 13:15:00 GMTe9b0fbd5-2707-4431-bc2f-1347997a104f2019 Tax Plan: households will have more to spendhttps://www.government.nl/latest/news/2018/09/18/2019-tax-plan-households-will-have-more-to-spendThe government is making changes to the tax system. We are making it greener, raising consumption tax, and – importantly – making work more financially attractive. Tax rates are going down and tax credits are going up. These measures mean that 96% of people will have more purchasing power next year. The government is also taking steps to combat tax evasion and avoidance, and improve the Dutch business climate. On balance, nearly all businesses will benefit during the government's term of office.Tue, 18 Sep 2018 13:15:00 GMTb1d72f27-0c2e-4917-9333-ac3b28bf8487Point of view of the Netherlands at the General Court of the European Union on Starbuckshttps://www.government.nl/latest/news/2018/07/02/point-of-view-of-the-netherland-at-the-general-court-of-the-european-union-on-starbucksPoint of view of the Netherlands at the hearing before the General Court of the European Union on 2 July 2018 on Starbucks Manufacturing BVMon, 02 Jul 2018 09:18:00 GMT3814b2c0-49d5-484c-a8f9-f879a6bd8b9eCoCos not tax deductible anymore as from 1 January 2019https://www.government.nl/latest/news/2018/06/29/cocos-not-tax-deductible-anymore-as-from-1-january-2019Contingent Convertibles (CoCos) are specific bonds that absorb losses when the capital of a bank or insurer declines below a certain level. The coupon on these specific bonds will not be tax deductible anymore as from 1 January 2019.Fri, 29 Jun 2018 17:10:00 GMTa15002fa-5de2-4ea4-8b36-a42ef5bc06072017 financial annual report: budget surplus for the second year runninghttps://www.government.nl/latest/news/2018/05/18/2017-financial-annual-report-budget-surplus-for-the-second-year-runningThe economy is showing strong growth and public finances are in good shape. The 2017 Budget Memorandum assumed a budget deficit of 0.5% of gross domestic product (GDP), but instead there was a surplus of 1.1%. This means that 2017 was the second successive year with a budget surplus. Last year the economy grew by 3.2% – the highest rate since 2008.Fri, 18 May 2018 08:31:00 GMT5ed99431-f0e1-487d-a85c-a221bc551410Tax scheme for foreign employees shortened from eight to five yearshttps://www.government.nl/latest/news/2018/04/20/tax-scheme-for-foreign-employees-shortened-from-eight-to-five-yearsThe Government plans to shorten the term of the tax scheme for incoming employees, the so-called 30%-ruling, from 8 to 5 years, as from 1 January 2019. This was approved by the Council of Ministers on the proposal of the State Secretary for Finance. In doing so, the Government gives effect to a recommendation from the evaluation of the 30%-ruling. The shortened term will apply to both new and existing cases.Fri, 20 Apr 2018 12:00:00 GMT14ff8966-4f6d-4d17-9a31-400492fe8953Government tackles tax avoidance and evasionhttps://www.government.nl/latest/news/2018/02/23/government-tackles-tax-avoidance-and-evasionThe government has agreed to adopt a new tax policy agenda proposed by State Secretary for Finance Menno Snel and to move forward with the agenda’s first priority: tackling tax avoidance and evasion.Fri, 23 Feb 2018 16:07:00 GMT1846bc7c-c990-47f8-a67c-630a37eafe8cStudy shows that an adaptation in the issuance of rulings is necessaryhttps://www.government.nl/latest/news/2018/02/20/study-shows-that-an-adaptation-in-the-issuance-of-rulings-is-necessaryThe Tax and Customs Administration has studied the issuance of 4,462 rulings with an international component. This study shows that the internal procedures for issuing rulings were not always observed correctly in all cases. In 6 cases of the 3,101 rulings issued by the APA/ATR team it could not be established whether the procedures had been observed correctly. In 72 of the 1,361 other rulings procedural errors were established. The National Audit Service was also involved in this investigation.Tue, 20 Feb 2018 14:44:00 GMT63053678-bb67-4224-9d90-1764370436542017 Autumn Memorandum: budget surplus of 0.4% and government debt of 57.3%https://www.government.nl/latest/news/2017/11/24/2017-autumn-memorandum-budget-surplus-of-0.4-and-government-debt-of-57.3The budget surplus for 2017 is estimated at 0.4% of gross domestic product (GDP), while the projected government debt in 2017 is 57.3% of GDP. This makes the Netherlands one of four euro countries with both a surplus on the budget and a debt below the Economic and Monetary Union (EMU) norm of 60% of GDP. In the eurozone, the average government balance is estimated at -1.1% of GDP and the average government debt at 89.3% of GDP.Fri, 24 Nov 2017 16:50:00 GMT0642189d-5b1e-4df2-ae7a-3ef72eb6b87a2018 Budget Memorandum: Dutch public finances in robust healthhttps://www.government.nl/latest/news/2017/09/19/2018-budget-memorandum-dutch-public-finances-in-robust-healthThe Netherlands' public finances are in better shape than expected. The budget surplus that arose in 2016 will rise to 0.8% of gross domestic product (GDP) next year and the government debt will fall further to 54.4% of GDP.Tue, 19 Sep 2017 13:15:00 GMT04fd411a-328c-4afe-adfc-8596524738462016 annual financial report: first budget surplus in yearshttps://www.government.nl/latest/news/2017/05/17/2016-annual-financial-report-first-budget-surplus-in-yearsLast year central government spent less money than it received for the first time since 2008. This led to a budget surplus of €2.9 billion. The main reason was that taxes and social insurance contributions generated more revenue than expected. Spending was also slightly lower than budgeted for. In addition, the government debt fell substantially.Wed, 17 May 2017 12:40:00 GMT22229fd9-d2f1-409f-a052-a577db735136Cabinet draws out investments by establishing Invest-NLhttps://www.government.nl/latest/news/2017/02/20/cabinet-draws-out-investments-by-establishing-invest-nlThe Dutch cabinet intends to encourage investments in sectors where the Netherlands has not yet seized all opportunities. To this end the investment institution Invest-NL is established, with €2.5 billion in capital. Invest-NL offers a single contact centre for entrepreneurs seeking risk capital, guarantees, export credit insurance and international finance programmes. In addition, Invest-NL will develop and, where necessary, co-finance major public projects at home and abroad. With this measure the Netherlands follows in the footsteps of other EU countries with similar investment institutions.Mon, 20 Feb 2017 16:36:00 GMT3962c30b-a83d-4798-ba6c-fc0d84d45a85Recovery and Resolution (Insurance Firms) Bill to be sent to Council of Statehttps://www.government.nl/latest/news/2016/12/23/recovery-and-resolution-insurance-firms-bill-to-be-sent-to-council-of-stateThe cabinet has approved the Recovery and Resolution (Insurance Firms) Bill proposed by the Minister of Finance Jeroen Dijsselbloem and the Minister of Security and Justice Ard van der Steur. In order to deal effectively with failing insurance firms in the future, the bill seeks to strengthen the available intervention tools. The bill will amend the statutory framework and give De Nederlandsche Bank (DNB, the Dutch central bank) new tools and powers to intervene if an insurance firm or group gets into difficulties.Fri, 23 Dec 2016 15:48:00 GMTad0c0f5c-5322-47e9-b354-f3529ce4df06Dijsselbloem: key task ahead is to reconnect the freedoms that Europe offers with stability, security and opportunityhttps://www.government.nl/latest/news/2016/12/09/dijsselbloem-key-task-ahead-is-to-reconnect-the-freedoms-that-europe-offers-with-stability-security-and-opportunityJeroen Dijsselbloem, the Dutch minister of Finance and Eurogroup President, gave a speech at the Europe Calling! Summit on 9 December 2016 in Maastricht. This summit commemorated the 25-year anniversary of the Maastricht Treaty: the start of the European Union and the euro. “The key task ahead of us is to reconnect the freedoms that Europe offers with stability, security and opportunity,” said Dijsselbloem.Fri, 09 Dec 2016 15:53:00 GMT01905469-7f11-4b52-8c8f-d287e09600e22017 Budget Memorandum: the Netherlands is in much better shapehttps://www.government.nl/latest/news/2016/09/20/2017-budget-memorandum-the-netherlands-is-in-much-better-shapePublic finances have improved and the economy is forecast to grow by 1.7% in 2017. Consumer confidence is strengthening and businesses are investing again. After a series of difficult years, the Netherlands is in better shape and public services will remain affordable for future generations. 'The tide has turned,' said finance minister Jeroen Dijsselbloem when he presented the Budget Memorandum for 2017. 'We are back on solid ground. And we can again look further ahead and invest in opportunities for people.'Tue, 20 Sep 2016 13:15:00 GMT9080c278-6d8e-4187-ac40-f670b892c3e9